Temasek-backed ShopBack to acquire Singapore BNPL firm hoolah

Temasek-backed ShopBack to acquire Singapore BNPL firm hoolah

Team Shopback. Photo: ShopBack

Singapore-based cashback company ShopBack will acquire the buy-now-pay-later (BNPL) provider hoolah following shareholders’ approval for the deal from the latter’s investors, Shopback said in a statement on Tuesday.

The acquisition will give hoolah access to Shopback’s 8,000 merchants, the statement added. The financial terms of the deal were undisclosed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter